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Russia's economy, and the nation's well being as a whole, is dependent on selling gas to Europe. Europe doesn't want to support the regime and would prefer to b
by dwater 5y ago
Russia's economy, and the nation's well being as a whole, is dependent on selling gas to Europe. Europe doesn't want to support the regime and would prefer to buy elsewhere. Ukraine found lots of oil and gas reserves in the past decade or two but it takes a long time to turn reserves into deliverable product and they haven't yet. So for Russia, seizing those reserves, which are in the East and South, where they are attacking the hardest, would be a big win. But if they can't hold those areas, destroying infrastructure and government so they can't produce and market that oil and gas to Europe for another couple of decades is also a big win.
- jethro_tell 5y agoI think because of this you'll continue to see outsized investment in not buying oil from Russia. I think they may have had the opposite effect in almost every realm they wanted to play in. They have shown they are not a military power other than nukes, they have pushed nations into fast tracking NATO and EU memberships, They have weakened the interest in turning the blind eye and buying their oil. There will certainly be countries that will buy out of necessity but I expect that to become increasingly unpopular as this goes on. Even if they take Ukraine for oil, I do not expect them to make back even close to what it cost them, both politically and financially.